Stock Market
1929
What year did the stock market crash?
2,200 banks
How many banks were closed in 1931?
Paid farmers to leave fields unplanted. The goal was to bring down prices. Was declared unconstitutional by the Supreme Court.
What is the Agricultural Adjustment Act (AAA)?
He wrote the book The Grapes of Wrath, which was about an Okie family moving to California
Who is John Steinbeck?
Group of WWI vets who camped in Washington in an effort to receive money for their service in the war.
Who are the Bonus Army?
Black Tuesday
Nickname when the bottom of the stock market dropped out and it crashed?
11 States
How many banks did not have a functioning bank in 1933?
Assisted farmers to refinance their mortgages and help keep their land.
What is the Farm Credit Administration (FCA)?
After his election he started a program called “The New Deal” to help get the country out of the Depression.
Who is Franklin Roosevelt?
Roosevelt felt that these would help offer a chance to calm the fears of Americans
What are Fireside Chats?
Buying on Margin
What is borrowing money to buy stocks?
Time period Roosevelt closed all banks to make sure they could operate
What was the Bank Holiday?
Provided construction jobs for 4 million workers building schools, roads, and sewers. Lasted only a few months.
What is the Civil Works Administration: (CWA)?
He had to retire after being diagnosed with a disease. He claimed to be “the luckiest man on the face of the Earth.”
Who is Lou Gehrig?
People who fled the drought in the midwest by heading to California for work
Who are Okies?
October 29, 1929
What is the day the stock market crashed?
Program created to insure your money in the bank
What is the FDIC (Federal Deposit Insurance Corporation)?
Built dams in the Tennessee River watershed to generate hydroelectric power for the Southern US.
What is the Tennessee Valley Authority (TVA)?
Folk singer who sang songs about the hardships of the Great Depression
Who is Woody Guthrie?
Drought struck the US in the 1930s
What is the Dust Bowl or Dirty 30's?
50 times their worth
1st New Deal program that allowed only healthy banks to reopen and started FDIC.
What is the Emergency Banking Relief Act?
Largest new deal agency. Employed 8 million people to build roads, bridges, schools, airports, hospitals, etc.
What is the Works Progress Administration (WPA)?
World champion boxer who defeated Max Schmelling in a famous rematch.
Who is Joe Louis?
15
How many major bills were passed in the first 100 days of Roosevelt’s administration?